Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-09
THE GREAT RAILROAD DEAL.
Little Doubt that Garrett Has Sold Out
the B. and O.-The Men Who Are In
the Purchasing NEUTRALITY-SUSPICIOUS.
Greatly Excited Over the Naffer.

AAttAc DOuOt tmat U8EIett mans SOAQ OUT
the h. and O.-The Men Who Are In
the Purchasing Observation-Disclosures
Greatly Excited Over the Matter.
NEW YORK, March 9.-Mr. Alfred Sully was ap-
piled to by reporter OF the Evening Post to-day
for some statement In regard to the circumstan-
tial reports that syndicate represented by him
has virtually concluded negotiations with Presi-
dent Robert Garrett, OF the Baltimore and Ohio
for the purchase OF controlling interest in thai
road and its dependencies.
Mr.. Sully said that he preferred to say nothing
until he could state something definite and that
he was not yet In a position TO do So When the
reporter remarked that he supposed the fact of
mitted that this sswas pretty wen understood y
but said he was not prepared to announce the
names OF the parties concerned or the terms Of the
agreement.
RUMORs REGARDING THE PRICE PAID
1t was reported In the street to-day that the
price paid by the syndicate for the Baltimore and
ONO stock was :s,5, but very well informed and
prominent banker saId that he had good reason to
believe II was not much over 200.
leading bank president, In commenting on the
railroad represented In the purchasing combina-
tion or In harmony with them would have control
OF all the anthracite coal territory In the country.
WHAT THE SYNDICATE Representa-.
Gen. Saml F. Thomas and Mr.. Calvin s. Brfce of
the East Tennessee, Virginia and Georgia interest
are members Of the purchasing syndicate They
were at their offices this morning but declined tn
see any representatives or the press
Mr.. Alfred Sully is understood to represent The
interests OF Mr.. Austin COrbin. The Reading the
PENNSYLVANIA, the jersey Central and the New
York Central all understood to be parties
great deal" prominent broker remarked that
the new combination would represent the New
York Central, the Erie, The Pennsylvania Central
and the Reading and jersey roads, and that these
would command all the business coming into
New York Ia connection with the Richmond
Terminal and the East Tennessee, yfrg1uia and
Georgia roads, the new system would have control
Of nearly ali the sea coast lines from New York to
Florida. In connection. TOO, with the Indianapolis
western railroad q ,bco-
quent absorption by that road OF the Ohio SOUTH
ern (or the making Of amcable arrangements with
that nne), the combination would control all the
OH, luminous coal territory except that covered by
stood that negotiations OF some kind are on foot
for the control OF the latter road also
ADAMS EXPRESS COMPANY INTERESTED.
II Is supposed that capital interested In the
Adams Express company are among the hackers
OF the Sully party, with a view OF ACQUIRING con.
troll OF the Baltimore and Ohio express business,
the Baltimore and Ohio telegraph line, the syndi-
cate VIII be In position to make terms with
the western Union company II they ind this to
their interest
Mr.. GARRETT SAYS NOTHING.
BALTIMORE, March 9.-Mr. Garrett has been seen
since O'Clock to-day, and the statement in the
New York Times was read by him. Re stu
rurnored deal IL is stated however. by one
10 whom Mr.. Garrett talked that he
used the expression I'VE are in New York" The
excitement Increases here because OF the refusal
OF MT. Garrett 10 make any communication In re-
caro- 10 the matter The most careful inquiry can
not discover that the city authorities have been
consulted, though the city owns more than one
NTH Of the entire stock Of the Baltimore and Ohio
railroads. The city with the Johns Hopkins uni
versity and the Garrett family score majority OF
the STOCK In Geographic circles there appears as
much ignorance or what has been going on as
elsewhere. The people here generally have set
aewn 10 the that deal has been
way station In the great railroad system